The Day Ahead: PM Edition 2020-01-14
Bonds held support at 157^08 and the daily moving averages today and looks to be rising in a small wave two to test 158^05 or 158^23. Bears need bond prices back under 157^08 to get the next leg lower started.
The Day Ahead: AM Edition 2020-01-14
SPX probably searches out a base in the morning against 3280 or 3276 before advancing toward targets on either side of the round number of 3300.
The Day Ahead: PM Edition 2020-01-13
Bonds travelled sideways today marking time. The Lomb Periodogram suggests bonds are ready to break under 156^17 support in the next day or three.
The Day Ahead: AM Edition 2020-01-13
SPX primed to push higher to roughly 3300 early this week. Today, once over 3273, aim for 8281.
The Week Ahead: 2020-01-12
As expected, bonds have drifted back up to retest resist at 159^24. I favor 159^24 or 160^31 holding as resist and bond prices falling out the bottom of support at 155^11. The Lomb Periodogram suggests bond prices holding up for another week or two before breaking lower.